Topeka Buy Here Pay Here

BHPH vs Traditional Financing

The difference between Buy Here Pay Here and traditional financing is that the traditional approach uses a third-party lender, like a bank, while BHPH financing is offered by the dealership where you buy your vehicle. This major distinction creates a number of other differences between these two types of financing, which are important to understand when figuring out the right way to pay for your next vehicle. Let us take a deeper look at each option to see which is right for you.

With traditional financing, you go to a dealership, look at the vehicles available to find one that meets your needs, and then figure out how best to pay for it. You can apply for loans and see which lenders, typically banks and similar financial institutions, will offer you a loan to help you pay for the vehicle. You can also approach potential lenders on your own – such as a bank where you have a checking account. Once approved, you then pay the loan back to the lender based on the terms you agree upon.

If you do not have great credit, however, finding a loan from these kinds of third-party lenders can be difficult. With Buy Here Pay Here financing, you skip this step, and the dealership you are working with essentially acts as the lender, providing you with a loan to get the vehicle you want. If you choose BHPH financing, then you typically go in the reverse order when shopping: you figure out the financing first and then look at vehicles that you can afford. Since there is no bank involved, you buy your vehicle at the dealership and make your payments there too – hence the term, “Buy Here Pay Here.”

When you choose BHPH financing, not only is figuring out your financing streamlined since you do not work with a third party, but you can also secure a loan even with bad credit. A lot of BHPH dealerships will offer a loan to anyone with proof of income and a permanent residence. So if you find yourself in a situation where traditional lenders are not interested in working with you, a BHPH dealer can be a great choice. And if you choose a dealership that reports your payments on the loan, it can also be an excellent way to start building good credit to make shopping for your next vehicle even easier.

Check Out Our Impressive Inventory

Since the car-buying process works backwards with a BHPH financing solution, it is important to have a large selection of vehicles to choose from. The bigger the inventory available to you, the more options you will have for your budget, and the better your chances will be of finding one that is just right for you. Here at Auto Now, our Topeka Buy Here Pay Here dealership has dozens of vehicles for you to choose from every day.

We understand that the right vehicle for different people is going to vary a lot, so we do our best to maintain a diverse inventory for you to choose from. Whether you are looking for a small sedan to keep gas prices low, a hard-working pickup to help you on the job, or a midsize SUV for a growing family, we are here to help. We carry models from a wide range of manufacturers, including Chrysler, Kia, Toyota, Honda, Dodge, Chevy, and more.

If you have a strong sense of exactly what you need, then we will work with you to make sure you find it all. Or if you are getting started with shopping for a vehicle and feel overwhelmed, our friendly salespeople are ready to help. We will ask questions to help you figure out what you are looking for, answer any questions you have, and make sure you drive away completely happy with your vehicle. Plus, our Worry Free Warranty gives you peace of mind so you can enjoy your car for many years to come.

Our Worry Free Warranty

Here at Auto Now, we believe strongly in every vehicle we sell, which is why we provide our Worry Free Warranty for all of our customers. This warranty gives you coverage for up to 24 months or 24,000 miles from the date and odometer reading at the time of sale, whichever occurs first. Our Worry Free Limited Warranty coverage includes a huge number of parts on your vehicle, and there is only a $200 deductible per visit for anything that needs work, no matter how extensive it might be.

This warranty covers your engine, including internally lubricated parts along with the radiator, water pump, cylinder head, and more. It also covers your transmission, transfer case, and drive axle assembly, to ensure your vehicle stays in great condition. Your steering and suspension are covered, along with numerous electrical systems, heating and cooling, your brakes, and much more – even fluids and lubricants that are needed in connection with work on a different covered part are included. Plus, with up to $100 of towing cost reimbursement, even if you cannot drive your vehicle to us, we are always ready to help.

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